BOSTON, May 1, 1842. SIR: Thinking it may be interesting or important to know some of the late operations and present plans of the Hudson’s Bay Company in the North Pacific Ocean, I beg leave to present to your notice some facts in relation to the same, and which have come to my knowledge from personal observation, or from sources entitled to the fullest credit. All that extensive line of coast comprehending the Russian possessions on the Northwest Coast of America, from Mount Saint Elias south to the latitude 54° 40′ north (the last being the boundary line between the Russian and American territories), together with the sole and exclusive right or privilege of frequenting all ports, bays, sounds, rivers, etc., within said territory, and establishing forts and trading with the Indians, has been leased or granted by the Russian-American Fur Company to the British Hudson’s Bay Company, for the term of ten years from January, 1842; and for which the latter are to pay, _annually_, four thousand seal skins, or the value thereof in money, at the rate of thirty-two shillings each, say £6,400 sterling, or $30,720. In the above-named lease the Russians have, however, reserved to themselves the Island of Sitka, or New Archangel; in which place, you probably are aware, the Russians have a large settlement—the depot and headquarters of their fur trade with the Fox Islands, Aleutian Islands, and the continental shore westward of Mount Saint Elias. All the trading establishments of the Russians lately at Tumgass, Stickene, and other places within said territory, leased to the Hudson’s Bay Company, have of consequence been broken up. Thus the Hudson’s Bay Company not content with monopolizing the heretofore profitable trade of the Americans, of supplying the Russian settlements on the Northwest Coast, have now cut them off also from all trade with the most valuable fur regions in the world. Whether the arrangements made between the Russians and English, above alluded to, are conformable to the treaties existing between the United States on the one part, and those nations respectively on the other, I leave to your better knowledge to determine. With the doings of the Hudson’s Bay Company at Puget Sound and the Columbia River you are doubtless fully informed; those, however, lately commenced by them in California will admit of my saying a few words.